Market outlook and Intraday tips for 27th Jan.

>> Tuesday, January 27, 2009

US markets ended marginally higher.
Europe cheers on Indian Re-Public Day as it closed a higher note.
Asia is bonded to open flat to positive.
Expect Indian Markets to open in the same manner.

The target for the Sensex is 7850 and the resistance to the up move is at 8929-9020

Nifty: (2679) the target for the Nifty is at 2500 and the resistance to the up move is at 2741-2765

Expect markets to remain volatile throughout today.

Today we have a meet of Monetary policy so look out for Banking Stocks.

Day trading Ideas -


Buy above 367.55 fop targets of 372 and 377

Sell below 349 for targets of 345 and 340

HDFC bank

Buy above 879 for targets of 886 and 892

Sell below 865 for targets of 861 and 656


Buy above 18.20 for targets of 18.90 and 19.30

Sell below 17.50 for targets of 16.95 and 16.50


Buy above 27.50 for targets of 28.50 and 29.10

Sell below 26.10 for targets of 25.50 and 24.90

Happy Investing !